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Latest News
Banking commission: FCA must cut costs and downsize
The banking commission wants the Treasury select committee to review the new regulatory structure in April 2016.
Key Retirement Solutions sold in £35m deal
KRS parent company Cabot Square Capital has sold its majority stake to private equity firm Phoenix Equity Partners.
BNY Mellon’s Tineke Frikkee to join Smith & Williamson
Smith & Williamson Investment Management has hired Tineke Frikkee to work in its UK equity income trust.
Chelsea’s RedZone grows to £34bn in underperforming funds
Investors have over £34bn in underperforming funds, according to research by Chelsea Financial Services, with the amount held in the 10 worst offenders jumping by more than 70 per cent since the start of year.
Liontrust posts 240% jump in net inflows
The amount of money run by Liontrust has doubled in the year to the end of March.
Squeezed surveyors stop taking on new instructions in some areas
Other firms who are still taking on new instructions quoting waiting times of up to 5 weeks for valuation.
Banking commission: Scrap approved persons regime and create criminal offence for bankers
Parliamentary commission on banking standards’ final report wants a senior persons regime introduced.
Banking commission: FCA needs new code to tackle bank pay
The commission says the FCA should have the power to ban or limit bank sales incentive schemes.
Banking commission: FOS needs urgent reform on case handling fees
The banking commission says FOS complaint fees should be waived if banks handle initial complaints well.
Banking commission: Govt should investigate RBS split
The banking commission says the Government should publish a report on breaking up the Royal Bank of Scotland by September.
Banking commission: Regulators must be made more accountable to TSC
The parliamentary commission on banking standards says regulators should respond to reasonable requests from the Treasury select committee.
FSCS loses appeal over landmark High Court advice ruling
Case paves the way for further legal challenges over FSCS compensation payouts.
Blogs
Aviva: Is automated underwriting the right approach?
Failure to provide a process that is as robust and evolved as current systems could result in a worse end-to-end journey and higher prices.
Alan Hughes: FCA needs to prove it has learned its lessons
The FCA is making some encouraging noises but only time will tell if it has successfully learnt from the mistakes of the FSA
Chris Gilchrist: The trouble with Modern Portfolio Theory
It is unfortunate that exam creators continue to regard MPT as holy writ.
Simon Morris: New Ucis rules will not end the FCA's scrutiny
The FCA has banned the promotion of Ucis to retail clients but it will be maintaining its scrutiny of novel investment structures
Ian McKenna in San Fran: New adviser tech coming our way
The recent Finovate conference demonstrated some of the most interesting innovation in financial services coming out of the US.
PFS's Keith Richards: Adviser in-fighting damages the profession
Internal squabbles hurts the wider perception of the adviser market.
Emma Simon: Unregulated investments will continue to trouble the industry
Unregulated investment schemes will continue to be a blight on the industry despite the FCA’s attempts to crack down
